Hg, the manager of HgCapital Trust plc (HGT), has announced a further investment in Personal & Informatik AG (P&I), as part of a recapitalisation of the business valuing the company at €5.5bn. The investment sees Hg acquire a minority stake from Permira, which will fully exit its position, having first backed the company in 2016. […]
In QuotedData’s morning briefing 31 March 2025: Rockwood Strategic (RKW) has announced that its investment management agreement has been novated from Harwood Capital LLP to Rockwood Asset Management (RAM), effective 31 March 2025. RAM is a trading name of Harwood Private Capital LLP, another FCA-authorised entity within the Harwood group. The change will see RAM […]
LMS Capital (LMS) has announced its final results for the year ended 31 December 2024, reporting a 12.4% decline in NAV and a decision by the board to pursue a managed wind-down of its portfolio (announced on 13 March 2025). This strategic pivot follows a challenging year marked by losses across several legacy fund positions […]
BH Macro (BHMG/BHMU) has published its annual results for the year ended 31 December 2024, reporting a NAV total return of 5.86% for the sterling share class and 4.92% for the US dollar share class. Share price returns were stronger, at 10.63% and 10.61% respectively, as the board executed a share buyback programme that helped […]
JPMorgan US Smaller Companies (JUSC) has published its final results for the year ended 31 December 2024, reporting a net asset value (NAV) total return of 11.3%, modestly behind its benchmark, which it says returned 13.3% in sterling terms. Despite the slight underperformance on NAV, the trust’s share price total return was 18.7%, reflecting a […]
CT Private Equity Trust (CTPE) has announced its unaudited results for the year ended 31 December 2024, posting a share price total return of 10.9% and a NAV total return of 4.6%. Realisations surged by 76% year-on-year to £108.6m, signalling a recovery in exit activity after a muted period for private markets. CTPE’s performance fee […]
Schroders Capital Global Innovation Trust (INOV) has published its annual results for the year ended 31 December 2024. The period marked a pivotal shift in strategy, with shareholders voting overwhelmingly in favour of a managed wind-down at a general meeting in February 2025. The trust’s NAV fell by 21.2% over the year to 19.94p per […]
BBGI Global Infrastructure (BBGI) has published its annual results for the year ended 31 December 2024, delivering a NAV total return of 2.1% in a year marked by solid portfolio performance but constrained capital deployment. Despite macroeconomic headwinds and continued discount-related challenges, BBGI’s globally diversified portfolio of 56 availability-style social infrastructure assets maintained a high […]
In QuotedData’s morning briefing 28 March 2025: Baillie Gifford Japan Trust (BGFD) has reported its unaudited interim results for the six months to 28 February 2025. During the period, the trust delivered a net asset value (NAV) total return of 1.5%, while the share price total return came in at 2.9%, both comfortably ahead of […]
Henderson High Income Trust (HHI) has announced a reduction in its management fee, effective from 1 January 2025. The trust’s board and manager have agreed to revise the existing fee structure in a move that should be welcomed by shareholders. Under the new terms, HHI will pay a flat management fee of 0.45% per annum […]
